Bitcoin: Funding Rates Turn Positive as Leverage Returns

Bitcoin funding rates have flipped positive, signaling fresh leverage entering the market as traders shift bullish after April's heavy short pressure.

Buyers are stepping in and paying to hold long positions on $BTC, reversing the prior deleveraging phase that defined the last six months.

On the 4h chart, price sits at $76555.74 beneath both EMA50 at $77176.64 and EMA200 at $77326.51 while MACD prints a death cross at -7.46; yet the neutral RSI at 46.09 and position inside the Bollinger bands suggest any bounce toward upper resistance at $77923.16 could stall before testing lower support at $75811.48.